The Money with Katie Show
Stocks Are at All-Time Highs. What Does That Mean for Your Investing Strategy?
Dec 9, 2024
Join in on a lively discussion about whether it's wise to invest amid market highs or wait for a downturn. Explore the pros and cons of lump sum investing versus dollar cost averaging, plus ethical investing dilemmas around military stocks and privatized prisons. The hosts break down how to align your investments with personal values while shedding light on toxic job cultures disguised as 'work-life integration.' This episode is packed with insights to help you navigate your financial journey!
32:25
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Quick takeaways
- Investing in stocks during market highs can be beneficial, as historical data shows long-term growth regardless of market timing concerns.
- Engaging a financial advisor is crucial for effective financial planning, especially for significant life purchases like a home, to avoid budget overextensions.
Deep dives
Cost-Effective Investing with Fidelity
Investing with the Fidelity app offers a low barrier to entry, allowing users to start with as little as $1 and enjoy the benefit of no account fees or trade commissions on U.S. stocks and ETFs. This cost-effective approach makes it significantly easier for beginners to enter the investment world without the fear of high initial costs. Importantly, while the platform promotes accessibility, users should remain aware of the risks involved in investing, as investing always carries the threat of loss. Users should familiarize themselves with additional fees that might apply to specific assets, ensuring they have a comprehensive understanding of the pricing structure before committing their funds.
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